Tag Archives: Minnesota

Edina Realty Realtor

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Minneapolis, Minnesota (PRWEB) July 26, 2012

Edina Realty, the marketplace leader for 12 years, decided to meet that dilemma head on, and recently launched http://www.MNShortSaleCalculator.com

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This web site is the first of its kind. We created a special method to enable homeowners to verify if they are eligible for a brief sale, remarks Kris Lindahl, head of the Kris Lindahl Team at Edina Realty and the companys leading quick sale agent in 2011.

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Property owners unsure of, first, regardless of whether or not to short sale their house, and second, if they qualify for a short sale, will locate out swiftly by going to the site. Fill out the kind and, within minutes, they have access to a real-time PDF with all of the data essential to make an informed decision, says Lindahl.

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Edina Realty has been assisting Minnesota property owners for 56 years, and the Kris Lindahl Group is the companys go-to resource for clients that need quick sale help.

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Lindahl participated in the requirements to obtain the prestigious Certified Distressed Property Authorities (CDPE) and Short Sale &amp Foreclosure Resources (SFR) designations. In addition, he brings a level of technological knowledge to the table, unmatched by handful of other agents.

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The new Edina Realty brief sale calculator at MNShortSaleCalculator.com is just one particular of the numerous revolutionary tools Kris Lindahl delivers his customers.

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For far more details, check out http://www.mnshortsalecalculator.com

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Minnesota Quick Sale Agent Kris Lindahl Launches A Site For Minnesota Residents To Learn Their Brief Sale Eligibility

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Blaine, MN. (PRWEB) August 18, 2012

Kris Lindahl the #1 Edina Realty Minnesota and Wisconsin Brief Sale Agent explains that Occasions are changing, property owners that are taking benefit of technology will sell their homes significantly more rapidly, simply because the residence will be observed more, says Kris Lindahl. Kris goes on to add, Most genuine estate agents are not employing the World wide web, or are making use of it in a quite limited, unproductive way. Kris Lindahl goes on to explain, That is why I launched the Minnesota Quick Sale calculator internet site, at MNShortSaleCalculator.com, so people can get the brief sale data they want, 24/7.

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I realized that with the approaching expiration date of the 2007 Mortgage Debt Relief Act, which is at the finish of this year, homeowners would need help deciding if a quick sale was the right choice for them. To help Minnesota residents see if their house is eligible for a Minnesota brief sale, I developed the MNShortSaleCalculator.com internet site, Kris Lindahl explains. Kris Lindahl adds, I also created a site for Wisconsin residents, who can benefit from the Wisconsin Short Sale calculator site. All homeowners have to do is check out the WisconsinShortSaleCalculator.com web site, to see if their Wisconsin property qualifies for a quick sale loan.

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One of the widespread questions I get from property owners is what is the Mortgage Forgiveness Debt Relief Act of 2007, remarks Kris Lindahl the #1 Edina Realty Agent, who specializes in brief sales for Minnesota and Wisconsin residents. The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007. The Act enables the exclusion of revenue realized as a result of modification of the terms of the mortgage, or foreclosure on the homeowner’s principal residence, Kris Lindahl says.

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Kris Lindahl utilizes technologies that has placed Kris in a best producer spot with Edina Realty, and also permitted Kris Lindahl to turn into a leading short sale agent. Kris Lindahl is also a Wells Fargo Quick Sale Agent, which is attributed to all of the cutting edge technologies that Kris utilizes on a daily basis.

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If a homeowners home does not come up when folks search on the Internet, which people are doing these days when they appear for a home, the chances of the house promoting in a timely fashion are tremendously lowered, which could price folks tens of thousand of further dollars in taxes if their brief sale takes place right after the 2007 Mortgage Debt Relief Act expires, Kris Lindahl explains. That is the major purpose that I am generating websites, and optimizing them, so property owners properties will come up at the top of the World wide web search results pages for the search phrases that people are typing in the search bar when looking for residences for sale, Kris Lindahl says.

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Contact Kris Lindahl at 763-607-1415, or visit the MNShortSaleCalculator.com site, when prepared to see if a property in Minnesota or Wisconsin is eligible for a quick sale. For individuals attempting to beat the expiration deadline of the 2007 Mortgage Debt Relief Act, so they will not owe extra dollars in taxes, can call Kris Lindahl for assist. Kris Lindahl is a really seasoned leading Minnesota short sale agent who has a extremely high success rate of acquiring quick sale loans authorized, and is operating to assist homeowners get their short sale loans authorized ahead of the end of the year.

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Associated Loan Modification Press Releases

Minnesota Brief Sale Agent Kris Lindahls New Home owners Guide To Brief Sales Book Is Published

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Blaine, MN (PRWEB) August 20, 2012

Edina Realtys best Minnesota and Wisconsin Quick Sale Agent, Kris Lindahl released the new Homeowners Guide To Brief Sales book. This sort of details is so relevant to the existing real estate atmosphere nowadays. Going to talk to an agent or an individual knowledgeable about the quick sale procedure for this kind of short sale info was the only choice individuals had, till now, Kris Lindahl explains. Kris Lindahl, B.S., CRS, CDPE, SFR goes on to say, Now with my new book I have provided individuals the benefit of receiving the short sale answers they require, when they require them.

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Well-completed guys! Thanks for enabling me to sleep at night. 🙂 I tried contacting my lender for months to get a loan modification with no success. These guys have been able to get my short sale accomplished in 35 days. I only had 60 days left in my redemption period. These guys stepped up to aid when I needed it most, says Julie R. Edina, MN

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With the speedily approaching expiration date of the 2007 Mortgage Debt Relief Act, homeowners are scrambling to get answers about the brief sale procedure. If there is not an extension ahead of the finish of the year, homeowners stand to owe tens of thousands of dollars in extra taxes from the brief sale of their home, warns Kris Lindahl. My new book the Homeowners Guide To Quick Sales will be a wonderful support to these homeowners, Kris Lindahl feels.

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James T. Shakopee, of Minnesota reports, I cant thank you adequate for all of the assist. Your communication created me comfy with the whole quick sale procedure. I have suggested you to my other loved ones and buddies going through these same hard instances.

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The Kris Lindahl Quick Sale Team, and myself care about assisting the homeowner, and that is what sets us apart, and permits us to have the successful outcomes that we get. We think in focusing on the clients very best interests, which paves the way for a profitable quick sale knowledge, Kris Lindahl explains. Kris continues to say, Our need for buyer satisfaction was the inspiration behind the new Home owners Guide To Short Sales book, since when homeowners have a better understanding of the brief sale approach, they will be capable to make a far more informed selection.

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Shari D. Minnetonka of Minnesota says,Thank you. You were the third firm I talked to about brief sales. Your professionalism along with your helpfulness separated you guys from all other organizations. I am glad I produced the choice that I did. You guys truly cared about my outcome. I am so pleased to have no deficiency judgment!

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“You guys were fantastic. Being a single mom I was a bit scared and overwhelmed with the whole foreclosure and quick sale procedure. I checked my credit report final week and it only dropped 20 points! The ideal part is you guys have been effective in acquiring my $ 120,000 deficiency judgment waived,” says Amy S. New Brighton of Minnesota.

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Get a complimentary copy of Kris Lindahls new Homeowners Guide To Brief Sales book by going to HomeOwnersGuideToShortSales.com, which is complete of information on the quick sale method. There is no other book of its type, that is why the book will be such a fantastic help to homeowners, Kris Lindahl says.

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Upbeat Minnesota Foreclosed Residences, Fannie Mae, Freddie Mac Q3 Report Shows Progress In Stopping Foreclosures

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Minneapolis, Minnesota (PRWEB) January 05, 2013

The Minnesota Foreclosure Prevention Q3 report states, “There had been 4,451 foreclosures in Minnesota in Q3 of 2012, down 10 % from Q3 of 2011. Although Metro foreclosures (down 12%) saw a greater drop than Higher Minnesota (down 7%), the relative relief was widespread, with the prime 10 counties in foreclosure seeing declines, year-over-year”. Although declines in Minnesota house foreclosures reflect a statewide trend over 20011 – 2012, the number of foreclosed houses are nonetheless historically high, upwards of 300% higher than foreclosure totals in years prior to the housing crisis.

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Lenders, who have frequently resisted erasing mortgage debt, are now forgiving millions of dollars in house loans. The distinction indicated in the Foreclosure Prevention Report has come from government incentives, political pressure, and a $ 25 billion settlement amongst 5 major lenders and 49 attorneys basic. “Property owners, feeling ‘stuck’ unable to sell their residence before they can get a new one, are properly locked out of the housing market. Five years into the housing recession, theyre also more likely to think about the drastic move of walking away from their mortgage, adding to shadow inventory,” says Jenna Thuening, owner of Property Location.

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Highlights in the Minnesota Foreclosed Properties Q3 Report show powerful and steady progress&#13

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Twin Cities foreclosed residences in 2011 Q3 totaled 2,969&#13

Twin Cities foreclosed houses in 2011 Q3 totaled 2,615&#13

Twin Cities foreclosed houses down 11.9%&#13

31 counties reported far more foreclosed residences and 58 counties showed fewer foreclosed homes

Encouraging news released January three by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac completed much more than 134,000 foreclosure prevention actions in the third quarter of 2012.

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Leading Points In TheFHFA Foreclosure Prevention Report:

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1) Year-to-date, Fannie Mae and Freddie Mac have helped property owners by facilitating roughly 411,000 foreclosure prevention actions.

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two) Almost 38,000 quick sales and deeds-in-lieu of foreclosure had been completed in Q3 of 2012, up 4 percent over Q2.

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three) 45 percent of struggling residence borrowers who received loan modifications in the third quarter reduced their monthly payment by over 30 %.

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four) Much more than a single-third of loan modifications completed in the third quarter integrated principal forbearance. NOTE: see explanation that principal forbearance is not the very same as principal reduction.

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five) The number of the Enterprises delinquent borrowers has declined 9 % since the beginning of 2012.

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six) REO inventory continued to decline as property dispositions outpaced house acquisitions in the course of the third quarter. An REO (Genuine Estate Owned) is a home that goes back to the mortgage firm right after an unsuccessful foreclosure auction and are typically in poor condition.

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To help stabilize the housing industry, proponents of principal reduction argue that each home owners and lenders are far better off avoiding those defaults. The recent National Mortgage Settlement between 49 states, numerous federal agencies and 5 big banks is hoping to market the practice by providing those lenders with incentives to reduce loan balances, says Thuening. Home Location sees the following techniques foreclosure prevention actions effect home owners:

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House Forfeiture Actions

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1) Brief Sales&#13

two) Deeds-In-Lieu of Foreclosure

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Home Retention Actions

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1) Forbearance Plans&#13

two) Repayment Plans&#13

3) Loan Modifications

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Calculated Threat explains what this term ‘principal forbearance’ actually means. What the FDIC apparently implies by ‘principal forbearance’ is not what most men and women think they mean by ‘principal reduction’. Nonetheless, with the principal, what the FDIC is performing is not forgiving principal but providing an interest-totally free forbearance of repayment of part of the principal. This indicates that the actual principal amount due and payable at maturity of the loan (or sale of the home) is the original unmodified principal quantity, much less any and all periodic principal payments the borrower makes until maturity or sale.

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Quick sales and deeds-in-lieu spare the home owners from the foreclosure method. Even so, they still have to leave their properties and that is traumatic for the homeowner. “The preferred outcome is to preserve property owners in their houses, if attainable, with a permanent principal reduction. Housing and Urban Development (HUD) Secretary Shaun Donovan mentioned his agency wants to encourage much more principal write-downs to keep people in their properties, even when those loans are backed by Fannie Mae and Freddie Mac,” according to a report in The Hill posted on March 4, 2012 titled Dems Raise Pressure on Fannie, Freddie Regulator to Create-down Mortgages. The Foreclosure Prevention Report for 2012 shows the dedicated efforts of Fannie Mae and Freddie Mac to that finish.

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Twin Cities homeowners may possibly get in touch with 612-396-7832 and ask for Property Destination’s assist to quit foreclosure and enjoy staying in your house.

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Minnesota Mortgage Settlement Funds Support Homeowners: Home Location

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Minneapolis, Minnesota (PRWEB) December 15, 2012

According to the Office of Mortgage Settlement Oversight (OMSO), 588 Minnesota homeowners have been approved or supplied National Mortgage Settlement funds for very first lien modifications. 2012 has been a year of servicers implementation of far more than 300 requirements. According to the National Mortgage Settlement’s FAQ page, the attorneys general’s negotiating committee acknowledged the banks should “achieve a enormous undertaking” to place all the servicing standards into practice as ordered beneath the agreement.

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“Minnesota legislator’s have continued to take positions on housing and commit to sturdy principles of allocating the National Mortgage Settlement funds as designated. We are seeing responsible property owners who wrongfully skilled foreclosure gain from the National Mortgage Settlement funds allocated to Minnesota.” says Jenna Thuening, owner of Home Destination.

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The Consumer Monetary Protection Bureau (CFPB) announced actions to halt two alleged mortgage loan modification scams on December 11, 2012. The CFPB believes atrocious scams ripped-off thousands of struggling home owners across the nation. In total, these operations took in a lot more than $ ten million by wrongly charging customers for services that falsely promised to stop foreclosures or renegotiate distressed property mortgages. We are taking on schemes that prey on buyers who are struggling to spend their mortgages or facing foreclosure, mentioned CFPB Director Richard Cordray. We are specially concerned with those who misrepresent government applications or websites to divert distressed homeowners from necessary assistance.

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State Customer Relief Details Minnesota, Program to Date:

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Consumer RELIEF – Procedure

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1st Lien Modification Trials Offered / Approved – Aggregate amount of relief/ advantage for all servicers is $ 54,285,897. The typical quantity of relief / benefit is $ 92,323 for 588 borrowers. This is explained in the OSMO report as “1st Lien Modification Trials Offered/Approved represents all 1st lien mortgages where firm modification delivers were produced to the borrower”.

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1st Lien Modification Trials Began – Aggregate amount of relief/ advantage for all servicers is $ 44,981,106. The typical amount of relief / advantage is $ $ 88,895 for 506 Minnesota borrowers. This implies that “16 1st Lien Modification Trials Started represents all first lien mortgages for which the initial payment in a trial modification was produced. Trial could have been Supplied/Authorized in current or prior quarter. Appendix.”

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Refinance Solicitations / Gives / Approvals – for an typical loan balance of $ 182,111 for two,611 Minnesota borrowers. OSMO says that refinance Solicitations/Gives/Approvals represents the 1st lien mortgages regarded for refinancing where loan to worth exceeds 80% and would not qualify for Servicers typically obtainable refinancing system as of 9/30/11.

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Refinances Completed – for an average loan balance of $ 182,111 for 2,611 Minnesota borrowers. OSMO says that refinance Solicitations/Provides/Approvals represents the very first lien mortgages deemed for refinancing where loan to value exceeds 80% and would not qualify for Servicers usually accessible refinancing plan as of 9/30/11.

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Minnesota Makes Hard Decisions Necessary To Help Homeowners Remain In Their Properties

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According to Minnesota Public Radio, Governor Dayton said yesterday about the state spending budget, “Had been going to make difficult decisions, there will be unpopular choices, there will be difficult decisions, but thats what had been going to do.” In the same manner, Minnesota has been a lead state in producing smart monetary decisions around housing, and using funds allocated by the National Mortgage Settlement to educate and support homeowner remain in their residences.

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Minnesota’s approach for spending funds, ensuring these funds to go properly to wronged home owners, will “full prudent measures, carrying out the correct thing”, continued Minnesota Public Radio reporting. “We never know what is going to take place on a federal level with the fiscal cliff that we are seeking at,” Hann added, but reiterated an intent to not overburden the economy and believes that we need to be able to find ourselves in a position of fiscal surplus.

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“It is absolutely unacceptable of self-interest con artists to take benefit of Minnesota distressed home owners hunting for assist from the Property Reasonably priced Modification Plan or mortgage settlement funds. We are thankful that Minnesota legislators, the OMSO, and the CFPB are committed to defending home owners. Residence Destination will continue to educate property owners about mortgage modifications, the housing recovery, and current housing news from our government,” says Thuening.

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For property owners who seek to greater recognize their housing possibilities and need to make sure they remain present with their mortgage payments, Home Destination gives a mortgage worksheet and substantial resource library. Get in touch with House Location at 612-396-7832 if you are needing help to establish your greatest possibilities if facing a foreclosure or short sale.

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